Chubb (CB)
Writes commercial, personal, crop, life, and reinsurance coverage worldwide.
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Chubb sells promises to pay when businesses, homes, health or lives suffer a covered loss. Most of it is property and liability insurance for businesses, with large overseas, life and affluent-household arms. It is leaning toward smaller commercial customers, consumers and Asia while leaving big property risks when the price no longer covers the danger; money held before claims are paid supplies a second stream of income.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
6 in detail · 14 more below
North America Commercial P&C Insurance
Property and liability cover for businesses produced $20.381 billion of FY2025 insurance revenue. Large-property work is shrinking as Chubb rejects poor prices, while smaller-business cover is growing—the mix shift to watch.
Competes with Business Insurance (Travelers) · Middle & Large Business / Global Specialty (The Hartford)
In plain English
P&C means property and casualty: protection for companies against damaged property, employee injuries, lawsuits, computer attacks and unusual large losses. A customer pays a premium—the price of the policy—and Chubb promises to pay if a covered event happens.
Profit is what remains after claims, sales commissions and running costs. Brokers and agents bring in the customers; Marsh, the largest named broker relationship, places about eleven percent of Chubb's total customer payments, while no individual insured supplies that much. Chubb is currently favoring smaller and midsize companies while refusing some large-property risks whose prices do not justify the possible losses.
North America Agricultural Insurance
Crop, hail and farm cover produced $2.919 billion of FY2025 insurance revenue. Last year's apparent growth leaned heavily on a federal profit-sharing adjustment, so acreage, crop values and weather matter more than the headline.
Competes with MPCI and Crop-Hail (NAU Country) · Federal and Private Crop Insurance (RCIS)
In plain English
A harvest can be ruined by drought, hail, falling crop prices or a poor yield. Chubb's Rain and Hail operation sells farmers and ranchers policies that soften those blows, including a federally supported plan covering several causes of loss as well as private hail and farm policies.
The farmer pays part of the policy price, while the federal program helps with the cost and shares results. Chubb's revenue depends on acres insured, expected harvests and crop prices; its claims depend on what the weather and markets actually deliver. That makes a government authorization and good field data as important as sales.
Global Reinsurance
Insurance sold to other insurers produced $1.353 billion of FY2025 insurance revenue. Plenty of available industry money pushed January 2026 renewal prices down, so the question is whether Chubb is paid enough for the disasters it absorbs.
Competes with Property-Casualty Reinsurance (Munich Re) · Property and Casualty & Specialty Reinsurance (RenaissanceRe)
In plain English
Even insurance companies buy insurance. Chubb takes on part of another insurer's book of policies, or sometimes one particularly large risk, so a bad storm or an unexpected wave of claims does not hit that buyer alone.
The buyer pays Chubb up front; Chubb keeps what is left after covered losses and costs, and can pass some peak danger to still other risk bearers. This business is small inside Chubb and its prices rise or fall with how much competing money is available. More capacity was already making renewals cheaper at the start of 2026.
Overseas General Insurance
Cover for businesses and consumers outside North America produced $14.374 billion of FY2025 insurance revenue. Recent growth looked much stronger after currencies were translated into dollars, making exchange rates an important reality check.
Competes with International Commercial (AIG) · Commercial Insurance (Zurich)
In plain English
Across dozens of countries, this division sells protection for homes, health, property, injuries and business liabilities. Local consumers and companies buy through agents, brokers, banks and online partners; harder corporate risks can also be placed through London's specialist insurance market.
Each policy payment becomes revenue over the time Chubb carries the risk. Claims and local running costs come out of that money, and Chubb keeps the remainder. Growth therefore comes from reaching more customers, charging enough for local danger and keeping the distribution partners that introduce them. Currency movements can make that progress look faster or slower when all countries are translated into dollars.
Life Insurance
Life, health and workplace policies produced $7.224 billion of FY2025 insurance revenue. Just over half came from life cover and the rest from accident and health; deaths, illness, cancellations and interest rates decide the profit.
Competes with Life and Health Insurance (AIA) · Life and Health Insurance (Prudential)
In plain English
The promise here lasts longer: pay money now, and Chubb pays later if someone dies, becomes ill or disabled, or reaches the terms of a policy that also builds savings. Individuals and employers buy through agents, banks, workplaces and online partners.
Chubb earns from the policy payments and from investing money held for future benefits. It must correctly judge how long people live, how often they get sick, whether they cancel early and what its investments will earn. Workplace plans bring the same protection to groups of employees, turning one employer relationship into many covered people.
North America Personal P&C Insurance
Cover for affluent households centers on expensive homes, cars and possessions. Homes and valuable articles supplied 69% of its FY2025 insurance revenue, so severe weather and the rising cost of rebuilding can outweigh progress elsewhere.
Competes with High Net Worth Insurance (PURE) · High-Net-Worth Insurance (Berkley One)
In plain English
Personal P&C means property and casualty cover for a family with an expensive home, several cars, art, jewelry or a boat. Ordinary policies may leave awkward gaps, so Chubb offers broader protection, helps prevent damage, values unusual possessions and manages restoration when a covered loss occurs.
The household pays one or more policy prices each year. Independent agents and private-client brokers assemble the cover; Chubb pays claims and keeps what remains after those losses and its costs. Because homes and valuables dominate the revenue, catastrophe damage and repair inflation matter more here than the number of different products on the shelf.
North America Commercial P&C InsuranceProperty and liability cover for businesses produced $20.381 billion of FY2025 insurance revenue. Large-property work is shrinking as Chubb rejects poor prices, while smaller-business cover is growing—the mix shift to watch.Property and liability cover for businesses produced $20.381 billion of FY2025 insurance revenue. Large-property work is shrinking as Chubb rejects poor prices, while smaller-business cover is growing—the mix shift to watch.
In plain English
P&C means property and casualty: protection for companies against damaged property, employee injuries, lawsuits, computer attacks and unusual large losses. A customer pays a premium—the price of the policy—and Chubb promises to pay if a covered event happens.
Profit is what remains after claims, sales commissions and running costs. Brokers and agents bring in the customers; Marsh, the largest named broker relationship, places about eleven percent of Chubb's total customer payments, while no individual insured supplies that much. Chubb is currently favoring smaller and midsize companies while refusing some large-property risks whose prices do not justify the possible losses.
Competes with Business Insurance (Travelers) · Middle & Large Business / Global Specialty (The Hartford)
North America Agricultural InsuranceCrop, hail and farm cover produced $2.919 billion of FY2025 insurance revenue. Last year's apparent growth leaned heavily on a federal profit-sharing adjustment, so acreage, crop values and weather matter more than the headline.Crop, hail and farm cover produced $2.919 billion of FY2025 insurance revenue. Last year's apparent growth leaned heavily on a federal profit-sharing adjustment, so acreage, crop values and weather matter more than the headline.
In plain English
A harvest can be ruined by drought, hail, falling crop prices or a poor yield. Chubb's Rain and Hail operation sells farmers and ranchers policies that soften those blows, including a federally supported plan covering several causes of loss as well as private hail and farm policies.
The farmer pays part of the policy price, while the federal program helps with the cost and shares results. Chubb's revenue depends on acres insured, expected harvests and crop prices; its claims depend on what the weather and markets actually deliver. That makes a government authorization and good field data as important as sales.
Competes with MPCI and Crop-Hail (NAU Country) · Federal and Private Crop Insurance (RCIS)
Global ReinsuranceInsurance sold to other insurers produced $1.353 billion of FY2025 insurance revenue. Plenty of available industry money pushed January 2026 renewal prices down, so the question is whether Chubb is paid enough for the disasters it absorbs.Insurance sold to other insurers produced $1.353 billion of FY2025 insurance revenue. Plenty of available industry money pushed January 2026 renewal prices down, so the question is whether Chubb is paid enough for the disasters it absorbs.
In plain English
Even insurance companies buy insurance. Chubb takes on part of another insurer's book of policies, or sometimes one particularly large risk, so a bad storm or an unexpected wave of claims does not hit that buyer alone.
The buyer pays Chubb up front; Chubb keeps what is left after covered losses and costs, and can pass some peak danger to still other risk bearers. This business is small inside Chubb and its prices rise or fall with how much competing money is available. More capacity was already making renewals cheaper at the start of 2026.
Competes with Property-Casualty Reinsurance (Munich Re) · Property and Casualty & Specialty Reinsurance (RenaissanceRe)
Overseas General InsuranceCover for businesses and consumers outside North America produced $14.374 billion of FY2025 insurance revenue. Recent growth looked much stronger after currencies were translated into dollars, making exchange rates an important reality check.Cover for businesses and consumers outside North America produced $14.374 billion of FY2025 insurance revenue. Recent growth looked much stronger after currencies were translated into dollars, making exchange rates an important reality check.
In plain English
Across dozens of countries, this division sells protection for homes, health, property, injuries and business liabilities. Local consumers and companies buy through agents, brokers, banks and online partners; harder corporate risks can also be placed through London's specialist insurance market.
Each policy payment becomes revenue over the time Chubb carries the risk. Claims and local running costs come out of that money, and Chubb keeps the remainder. Growth therefore comes from reaching more customers, charging enough for local danger and keeping the distribution partners that introduce them. Currency movements can make that progress look faster or slower when all countries are translated into dollars.
Competes with International Commercial (AIG) · Commercial Insurance (Zurich)
Life InsuranceLife, health and workplace policies produced $7.224 billion of FY2025 insurance revenue. Just over half came from life cover and the rest from accident and health; deaths, illness, cancellations and interest rates decide the profit.Life, health and workplace policies produced $7.224 billion of FY2025 insurance revenue. Just over half came from life cover and the rest from accident and health; deaths, illness, cancellations and interest rates decide the profit.
In plain English
The promise here lasts longer: pay money now, and Chubb pays later if someone dies, becomes ill or disabled, or reaches the terms of a policy that also builds savings. Individuals and employers buy through agents, banks, workplaces and online partners.
Chubb earns from the policy payments and from investing money held for future benefits. It must correctly judge how long people live, how often they get sick, whether they cancel early and what its investments will earn. Workplace plans bring the same protection to groups of employees, turning one employer relationship into many covered people.
Competes with Life and Health Insurance (AIA) · Life and Health Insurance (Prudential)
North America Personal P&C InsuranceCover for affluent households centers on expensive homes, cars and possessions. Homes and valuable articles supplied 69% of its FY2025 insurance revenue, so severe weather and the rising cost of rebuilding can outweigh progress elsewhere.Cover for affluent households centers on expensive homes, cars and possessions. Homes and valuable articles supplied 69% of its FY2025 insurance revenue, so severe weather and the rising cost of rebuilding can outweigh progress elsewhere.
In plain English
Personal P&C means property and casualty cover for a family with an expensive home, several cars, art, jewelry or a boat. Ordinary policies may leave awkward gaps, so Chubb offers broader protection, helps prevent damage, values unusual possessions and manages restoration when a covered loss occurs.
The household pays one or more policy prices each year. Independent agents and private-client brokers assemble the cover; Chubb pays claims and keeps what remains after those losses and its costs. Because homes and valuables dominate the revenue, catastrophe damage and repair inflation matter more here than the number of different products on the shelf.
Competes with High Net Worth Insurance (PURE) · High-Net-Worth Insurance (Berkley One)
Named in filings, launches and programs
- Investment Portfolio and Strategic HoldingsEcosystemMoney held before claims are paid generated $6.465 billion in FY2025, with bonds doing most of the work and private investments adding variability.
- Chubb StudioPlatformConnects hundreds of digital partners so insurance can be offered inside their own customer journeys.
- Chubb MarketplacePlatformLets agents and brokers quote, sell and issue cover digitally for small and lower-middle-market businesses.
- Huatai Insurance GroupBrandChubb's 87.2%-owned Chinese group spans property insurance, life insurance and investment management across several Chubb businesses.
- WestchesterBrandWholesale cover for unusual or hard-to-place business risks; it supplied 19% of North America Commercial's FY2025 insurance revenue.
- Chubb BermudaBrandHigh-limit business cover contributed 5% of North America Commercial's FY2025 insurance revenue.
- Rain and HailBrandThe operating brand behind Chubb's federally supported crop and private hail insurance for farmers.
- Chubb Tempest ReBrandThe operating name for Chubb's insurance-for-insurers business across Bermuda, the United States, Canada and other international markets.
- Chubb Benefits / Combined InsuranceServiceSells supplemental life, accident and health cover through workplaces; Worksite Benefits customer payments rose 14% in Q2 2026.
- Healthy PawsBrandPet-insurance manager bought for about $300 million in 2024, with new rental-housing and dog-community distribution partnerships added in 2026.
- LMG Insurance ThailandBrandConsumer and business insurer acquired for $321 million in 2025 and folded into Overseas General; small beside Chubb as a whole.
- Liberty Insurance VietnamBrandVietnamese insurer acquired in February 2026 and folded into Overseas General; also small beside the whole company.
- Banco de Chile joint ventureCustomer programAn exclusive relationship for distributing consumer insurance through Banco de Chile.
- North America Small & Lower Midmarket DivisionServiceA 2025 division built to automate insurance sales and service for smaller commercial customers.
Investment Portfolio and Strategic HoldingsEcosystem
Money held before claims are paid generated $6.465 billion in FY2025, with bonds doing most of the work and private investments adding variability.
Chubb StudioPlatform
Connects hundreds of digital partners so insurance can be offered inside their own customer journeys.
Chubb MarketplacePlatform
Lets agents and brokers quote, sell and issue cover digitally for small and lower-middle-market businesses.
Huatai Insurance GroupBrand
Chubb's 87.2%-owned Chinese group spans property insurance, life insurance and investment management across several Chubb businesses.
WestchesterBrand
Wholesale cover for unusual or hard-to-place business risks; it supplied 19% of North America Commercial's FY2025 insurance revenue.
Chubb BermudaBrand
High-limit business cover contributed 5% of North America Commercial's FY2025 insurance revenue.
Rain and HailBrand
The operating brand behind Chubb's federally supported crop and private hail insurance for farmers.
Chubb Tempest ReBrand
The operating name for Chubb's insurance-for-insurers business across Bermuda, the United States, Canada and other international markets.
Chubb Benefits / Combined InsuranceService
Sells supplemental life, accident and health cover through workplaces; Worksite Benefits customer payments rose 14% in Q2 2026.
Healthy PawsBrand
Pet-insurance manager bought for about $300 million in 2024, with new rental-housing and dog-community distribution partnerships added in 2026.
LMG Insurance ThailandBrand
Consumer and business insurer acquired for $321 million in 2025 and folded into Overseas General; small beside Chubb as a whole.
Liberty Insurance VietnamBrand
Vietnamese insurer acquired in February 2026 and folded into Overseas General; also small beside the whole company.
Banco de Chile joint ventureCustomer program
An exclusive relationship for distributing consumer insurance through Banco de Chile.
North America Small & Lower Midmarket DivisionService
A 2025 division built to automate insurance sales and service for smaller commercial customers.